Turkish regulator awards license to Forex broker Alan Menkul

Turkey has a fast growing but tightly regulated Forex market. Only a handful of companies have been able to meet the criteria of the stringent Capital Markets Board (CMB) of Turkey and obtain the necessary permissions to operate as Forex brokers in the country.

That is why, when the latest news bulletin by the watchdog showed a piece of news in this respect, LeapRate could not leave its readers aside and decided to report on it.

The “New Operating Permits” column of the News Bulletin mentions the name of Alan Menkul Değerler A.Ş. The company operates via https://www.alanmenkul.com.

Following the CMB decision, the company is now allowed to offer a range of investment services, including:

  • investment consulting;
  • individual portfolio management operations;logo-yeni
  • portfolio brokerage operations;
  • transactions brokerage operations;
  • safekeeping of funds.

The website of the broker is currently building its Forex section, with full-blown operations obviously yet to start, which should not be a problem now that the company is properly authorized.

To view the official announcement by the Capital Markets Board, click here.

Read Also: